Ask Question
16 May, 05:37

Suppose that $9,000 is invested in an account at 6% interest. Find the account balance after 7 years if the interest is compounded annually.

+2
Answers (1)
  1. 16 May, 07:09
    0
    If you have $9,000 in an account and a 6% interest add $9,000 + 6% = $9,540

    then multiply $9,540 by 7 so you get the estimated amount $9,540 x 7 = 66,780

    therefore the answer is $66,780
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Suppose that $9,000 is invested in an account at 6% interest. Find the account balance after 7 years if the interest is compounded annually. ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers